TWO HOMES. ONE LOT. INCOME-PRODUCING PROPERTY. Welcome to a rare Cherry Valley opportunity offering two detached residences on one spacious lot, perfect for multigenerational living, extended family, or buyers looking to create rental income at a 7% cap rate or higher.
The main home offers approximately 1,781 sq. ft. with 3 bedrooms, 1 bathroom, a spacious living area, a large kitchen with breakfast bar, dedicated laundry room, and a circular driveway with plenty of parking. The main residence also enjoys its own spacious, fully fenced backyard, providing added privacy and plenty of room to relax, entertain, garden, or create your own outdoor retreat.
The second residence offers approximately 1,100 sq. ft., 1 bedroom and 1 bathroom, and was beautifully updated in 2024 with modern wood-look flooring, recessed lighting, mini-split climate control, and a stylish kitchen featuring green cabinetry, butcher-block-style countertops, open shelving, and stainless-steel appliances.
And then there's the land. The expansive backyard is a blank canvas with room for RVs, boats, recreational toys, a future pool, workshop, garden, outdoor entertaining area, or additional possibilities subject to zoning and permits.
Conveniently located near schools, parks, shopping, dining, medical services, and easy access to the I-10 Freeway, connecting you to Beaumont, Banning, the Inland Empire and the Palm Springs area.
Live in one. Rent the other. Bring the family. Bring the toys. Bring your vision. This is the kind of property that gives you options and opportunities like this don't come around often. WELCOME TO YOUR NEW HOME!
Property Details
- Interior
- All Bedrooms Up
- Cooling
- 1
- Heating
- Central
- Cooling Features
- Central Air
- Bedrooms
- 4
- Bathrooms
- 2.0
- Full Baths
- 2
- View
- Mountains
- Lot Features
- Zero To One Unit Acre, Agricultural, Back Yard, Horse Property
- Stories
- 1
- Lot Description
- Zero To One Unit Acre, Agricultural, Back Yard, Horse Property
- Acres
- 0.61
- Square Feet
- 2881.0
- Lot Size (sqft)
- 26572.0
- Parking Spaces
- 0.0
- Parking Garage Spaces
- 0.0
- Property Type
- Purchase
- Property Subtype Additional
- Single Family Residence
- Year Built
- 1915
- Sewer Information
- Septic Type Unknown
- Utility Source
- Public
- Subdivision
- Cherry Valley
- Community Features
- Foothills, Street Lights
- School District
- Beaumont
- County
- Riverside
- Region
- Cherry Valley
- Original List Price
- $650,000
- Days on Market (Cumulative)
- 17
- HOA Fees
- 0.0
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Provided By
Listed by Faviola Nieves (#C23704)
Listing Office: PROSPERITY REAL ESTATE & ASSOC (#52444)
